Financial Health FCU (IN) Has Top Rate 12-Month CD


Availability: Residents of central Indianapolis (based on Zip Code) and several local health care SEGs

Last week, Financial Health Federal Credit Union (Financial Health FCU) raised the rate on its 12 months Share Certificate (2.00% APY). The minimum opening deposit is $500 and there is no maximum balance cap.

This is the first, and very substantial, rate increase for this Share Certificate in over four years, with the APY hovering between 0.25% and 0.50% during that time.

The 12 months Share Certificate is also available as an IRA (Traditional, Roth, and CESA) earning the same 2.00% APY, with the same funding requirements.

2.00*%$500-Financial Health Federal Credit Union12 Months Share Certificate
2.00*%$500-Financial Health Federal Credit Union12 Months IRA Certificate (Traditional, Roth, CESA)
Accounts mentioned in this post. Rates as of October 22, 2016.

As stated (and worded oddly) on Financial Health FCU’s Rates page, the Early Withdrawal Penalty reads as follows:

A 90 daily interest penalty will be imposed for withdrawal before maturity on certificates.


Headquartered in Indianapolis, Financial Health Federal Credit Union offers membership primarily through residency and employment status.

Residency: Individuals who live, work, worship or attend school in the following ten central Indianapolis Zip Codes are eligible – 46201, 46202, 46203, 46204, 46205, 46208, 46218, 46224, 46224, and 46225. In addition, portion of 46221 and 46241 are also eligible for membership.

Employment: All employees of the Indiana University Health system (nine hospital and six other health care organizations) are eligible. Complete details are available on Financial Health FCU’s About Us page.

Family Relationship: Spouses, children, siblings, parents and grandchildren of current Credit Union members also qualify for membership.

Joining the Credit Union and opening a CD can be done in person at any of four branches located in Avon and Indianapolis (3). There is an online New Member Enrollment form to facilitate joining.

Credit Union Overview

Financial Health Federal Credit Union has an overall health grade of "B" at, with a Texas ratio of 9.30% (excellent), based on March 31, 2015 data. Financial Health FCU has an excellent capitalization level of 11.85%, a result of holding $28.04 Million in assets, with $3.32 Million in equity. Please refer to our financial overview of Financial Health Federal Credit Union for more details.

Financial Health Federal Credit Union (NCUA Charter # 20793) was first chartered in 1971 as the Clarian Federal Credit Union, an arm of the Indianapolis-based hospital system, Clarian Health. In 2009, Clarian FCU absorbed Community Choice Federal Credit Union and Financial Health FCU was the result.

How the CD Compares

When compared to the 274 similar length-of-term CDs tracked by, requiring a similar minimum deposit and available to Indiana residents, Financial Health Federal Credit Union’s 12 months Share Certificate current ranks first.

The above rates are accurate as of 7/12/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of